Barbari, Taftoun and Lavash loaves will also see price hikes, said Bloomberg. The new prices go into effect today.

Reuters cited French grain exporters' lobby members as saying on Friday that Iran will need 2 million tons of wheat over the next several months. The country has reportedly imported 3 million tons this year already.

Iran's economy is struggling due to a raft of new sanctions hitting the country over its controversial nuclear program.